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VAT - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Determination of turnover - Disallowance of discount - Assessee ...


Court Rules Post-Payment Discounts on Vehicle Sales Must Be Included in Turnover for Tax Calculation.

March 13, 2015

Case Laws     VAT and Sales Tax     HC

Determination of turnover - Disallowance of discount - Assessee give discount on sale of motor vehicles - by issuing a credit note after receiving the amounts, of course, before filing the returns it cannot be said that the amount of discounts goes outside the purview of the turnover - HC

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